All Tod's articles – Page 2
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ArticleThe stocks of footwear companies continued to be under pressure in Q3
The prices of stocks monitored by Shoe Intelligence fell by 7 percent on average in the third quarter of 2023 compared with the previous three months amid ongoing concern about the economic outlook due to weak demand, higher interest rates and stubborn inflation. In the second quarter, the panel was ...
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ArticleTod’s’ operating profits beat expectations
In the first half of 2023, Tod’s posted earnings before interest and tax (Ebit) of €60.3 million, significantly higher than the €17.7 million posted a year earlier and the €36 million forecast by financial analysts. The Ebit margin widened to 10.6 percent from 3.8 percent the previous year. The Italian ...
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ArticleTod’s’ H1 sales rise 21.7%, Ebit expected to double
Tod’s released preliminary sales data for the first half of 2023 that come in at €569.1 million, up by 21.7 percent year-on-year on a reported basis and by 22.8 percent at constant currency rates. The figure was in line with market expectations. Financial analysts expect that the Italian fashion house ...
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News briefs
Tod’s’ creative director leaves
After four years in the job, Walter Chiapponi is stepping down as creative director of Tod’s. He will leave the Italian luxury shoemaker after the presentation of his latest collection at the Milan Fashion Week on Sept. 22. Tod’s said that the name of the new creative director will be ...
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ArticleTod’s’ Q1 sales beat expectations
With first-quarter sales coming in at €270.5 million, up by 23.2 perent year-on-year on a reported basis and by 23.3 percent at constant currency rates, Tod’s beat market expectations by about €20 million. Citi noted that the news was not a huge surprise considering the good performance posted over ...
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ArticleTod’s returns to the black, sees sales rising 7% in 2023
Tod’s reported a net profit of €23.1 million in 2022 compared to a bottom line loss of €5.9 million the year earlier but nonetheless decided to skip a dividend payment for the fourth year running. Emilio Macellari, the chief financial officer, indicated in a conference call with analysts that a ...
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News briefs
Tod’s and Lamborghini enter a partnership
Lamborghini, an Italian maker of sports cars owned by the German group Volkswagen, and Tod’s, an Italian fashion house, announced a partnership in luxury leather goods, shoes, apparel and accessories. “The two Italian brands’ exclusive collaboration celebrates Italian craftmanship and tradition as well as technological research and innovation: qualities that ...
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ArticleTod’s breaks through €1 bn sales threshold, sees ‘excellent’ start to 2023
Diego Della Valle, the chairman and CEO of Tod’s, said he is “very confident” about future results of the Italian footwear company due to an “excellent” start to 2023 in stores and the solidity of its order portfolio for next season. Della Valle’s optimism came as Tod’s announced preliminary results ...
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ArticleStocks of U.S. footwear companies rebound in Q4
Trading remained very volatile in the fourth quarter of 2022 with the various clusters of our universe of stocks often fluctuating significantly compared with the previous three months. Overall, Shoe Intelligence’s selection of stocks continues to trend water, rising by just over 2 percent on average. Shares of Brazilian footwear ...
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ArticleGolden Goose ranks among the fastest growing luxury goods brands
Golden Goose, the Italian producer of luxury sneakers, ranked third among the 20 fastest growing luxury goods companies over the past three years, according to Deloitte’s report Global Powers of Luxury Goods 2022. In the 2021 fiscal year, Golden Goose’s estimated revenues were $456 million, up by 45.0 percent from ...
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News briefsPlan to take Tod’s private is dropped
DeVa Finance, the investment vehicle of Diego Della Valle, the chairman, CEO and controlling shareholder of Tod’s, announced it was abandoning plans to merge with Tod’s in order to delist the Italian luxury goods group from the Milan stock exchange. Uncertainty about the fate of Tod’s’ shares had continued since ...
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ArticleTod’s still has not decided on delisting move
Diego Della Valle, the chairman and CEO of Tod’s, still has not decided on his next move to delist the Italian luxury goods company after his first attempt to buy out minority shareholders failed. During a conference call with financial analysts, the company’s chief financial officer, Emilio Macellari, said that ...
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ArticleTod’s' first delisting attempt fails
Diego Della Valle, the chairman and CEO of Tod’s, abandoned plans to buy out minority shareholders in the Italian luxury goods group after a public offer fell short. Nevertheless, he still has the option to delist Tod’s by merging it with a privately-owned company. DeVa Finance, the investment vehicle through ...
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ArticleStocks of Brazilian footwear manufacturers outperform in Q3
In the third quarter of 2022, the stock prices of footwear companies and associated sectors monitored by Shoe Intelligence were on average virtually unchanged, falling by less than 3 percent when compared with the previous three months. But, the figure conceals noticeable disparities between the panel’s subsegments. The cohort of ...
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ArticleTod’s’ minority shareholder buyout to start on Sept. 26
DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle & C, announced that its offer to buy out Tod’s’ minority shareholders will run from Sept. 26 to Oct. 25. The company is offering €40 per share and is seeking to buy a 25.55 percent stake in the ...
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ArticleTod’s’ sales return to pre-Covid levels
With a 17 percent increase in first-half sales to €467.5 million, Tod’s is back to pre-pandemic levels and beat market expectations by nearly €4 million. At constant currency rates, the top line grew by 14.3 percent. The Italian fashion group grew by double-digit rates in all markets, except in ...
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News briefs
Diego Della Valle files document to delist Tod’s
Tod’s said that its main shareholder, Diego Della Valle, has filed documents with the Italian market regulator Consob for a public offer to delist the Italian fashion house from the Milan stock exchange. As announced earlier in August, DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle ...
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ArticleDella Valle wants to delist Tod’s
Tod’s’ main shareholder, Diego Della Valle, is offering €40 per share with the objective of delisting the Italian luxury goods company. The bid is being made by DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle & C,. and concerns 25.55 percent of Tod’s capital. The price ...
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ArticleTod’s is confident about 2022 after posting positive Q1 results
In the first quarter of 2022, Tod’s reported sales of €229.6 million, up by 23 percent year-over-year. At constant exchange rates, top line growth was 20 percent growth. The revenues of the Italian luxury goods manufacturer beat market expectations of €212 million and were above pre-pandemic levels. Among the group’s ...
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News briefsTod’s wants to enhance the value of its brands
Tod’s wants to enchance the value of its four brands this year and has stopped trading with Russia following the country’s invasion of Ukraine on Feb. 24, according to the company’s chairman and chief executive Diego Della Valle. The group owns the brands Tod’s, Hogan, Roger Vivier and Fay. Speaking ...
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